Wednesday, 1st October 2014

Indonesia has good economic resilience

Senin, 28 Mei 2012 18:11 WIB | 1.776 Views
Indonesia has good economic resilience
Agus Martowardojo. (ANTARA)
Jakarta (ANTARA News) - Indonesia`s economic resilience is remains good in the face of the European crisis, declared Finance Minister Agus Martowardojo in a written statement on Monday.

"Our economic resilience is good enough following the latest global economic development," the finance minister remarked.

He explained that to maintain economic security based on fiscal resilience, the government would sustain the budget deficit in the range of less than three percent.

In addition, according to the minister, the government would try to improve the investment climate and infrastructure development.

"From the side of fiscal resilience, the government is optimistic that it will maintain the state budget deficit below three percent, and to maintain the momentum of economic development, the government will continue to improve the investment climate and infrastructure development," the finance minister stated.

Earlier on Friday, he announced that Indonesia was bracing itself for the possibility of an economic slowdown, following the worsening crisis in Europe.

"Not only do we have to be careful and prepare ourselves for the crisis, but we must also continue to make structural reforms in order to prevent it from occurring in Indonesia," remarked the minister after installing second echelon officials of the Ministry of Finance.

According to Agus, the government has been on guard against the situation in Europe since last year, and has planned an adequate monetary fiscal policy to prevent the European crisis from spreading to Indonesia.

Therefore, he added, the government was optimistic that the economic growth next year would reach 6.8 to 7.2 percent, with the investment sector expected to be a main contributor to the nation`s economy.
(Uu.O001/INE/KR-BSR)